The pathway towards Climate Neutrality by 2050 continues with coal phase-out leading the initiatives to achieve such goal across the “Old Continent”. The official roadmap points for France to win the race of decarbonization in Europe, by phasing out of coal by 2022. In the year after is expected that Portugal, the United Kingdom, Italy and [...]
After one month of a dramatic break-up and a beginning of an oil war between Russia and the Saudi Arabia, history was made last Sunday with a renewed agreement achieved by OPEC + of 9.7 million barrels per day (mbpd) oil output cut. A 10 million bpd oil reduction is the biggest cut ever agreed in [...]
2019 seems the year in which the climatic emergency rises in the scale of concerns in the so-called developed world. The headlines range from apocalyptic alarmism to those who deny that we have any kind of responsibility in the process. In this scenario, governments announce increasingly ambitious and close decarbonization and sustainability objectives. However, at each [...]
European prices of natural gas have been breaking record lows on spot markets, leading to the questions such as: how did it happen? Is there a floor price? What will happen? For the purpose of this article we will focus mainly on the TTF market because it’s currently is the most liquid market in Europe and [...]
In previous articles, Magnus presented the roadmaps for the next phase towards a more sustainable future for Spain and Italy. Following that, this article will be dedicated to the roadmap that defines the next years between 2021 and 2030 for Portugal in order to achieve the targets agreed back in 2015 in Paris during the COP21. [...]
There is always a clear risk of mismatch between expectations and reality according to how a company develops its economic activity and whose results depend (to a greater or lesser extent) on the cost of energy. Any company with a medium-long term economic strategy must deal with regulatory, technological, macroeconomic changes and always with the aim [...]
March of 2018 was the “greenest” month ever in Portugal. The energy generated from clean sources exceeded demand by 3%, beating the record of 99% capacity achieved in 2014. This could mean that all the energy consumed in our households came from renewable energy sources and, not even if not entirely true, it’s still a praiseworthy [...]
In a country like Portugal where the sun shines between 2 200 and 3 000 hours per year the ability to produce your own energy through solar radiation is a great opportunity to help the environment and to reduce your energy bills. From January 2015, this opportunity became a reality through a law published in October [...]
In January 2015, Portugal popped up all over the news and not because of another record break by Cristiano Ronaldo. An English company named IONIQ Resources confirmed that they had conducted a study using revolutionary technology that found six potential oil fields in Portugal, amounting to, at least, 1 billion barrels or something around 43 thousand [...]
The International Energy Agency (IEA) recently released the Evaluation report about Portugal and its Energy Policy performance. The present article summarizes this document, focusing on the overall performance and the future steps suggested by the EIA. Portugal is a leader and a pioneer when it comes to renewable energy and energy efficiency matters. Recent data from [...]
